December Quarter Highlights
- A maiden Mineral Resource Estimate (MRE) at the
o combined Inferred and Indicated MRE of 25.7Mt @ 1.0% Li2O (at a 0.5% Li2O cut off),
o 26% of the MRE in higher confidence Indicated category: 6.7Mt @ 1.0% Li2O,
- This MRE has been defined from only the Malinda prospect, which is the only prospect to have been drilled to date at Yinnetharra.
-
- Increased Mt Ida Lithium Mineral Resource Estimate (MRE) announced:
o Inferred and Indicated increased to 14.6Mt @ 1.2% Li2O,
o 136% increase in Indicated Mineral Resources to 7.8Mt @ 1.3 % Li2O,
o Increase in the contained lithium positions Delta for a potential 10 year plus mining operation.
- Additionally, a co-located gold MRE of 3.1Mt @ 4.1g/t Au for 412,000 ounces was defined, providing an opportunity for early cash flow from a potential sale or toll treatment of gold resources.
- Delta's global MRE is now 40.4Mt @ 1.1% Li2O across both projects (at a 0.5% Li2O cut off)
- A binding agreement was executed with
- An Accelerated Non-Renounceable Entitlement Offer was announced on
- Cash balance at
Commenting on the quarter, Managing Director of Delta Lithium, Mr
"The final quarter of 2023 saw the achievement of multiple important milestones for the Delta team. An upgraded MRE at Mt Ida and the declaration of maiden MRE's for both Yinnetharra and gold at Mt Ida have all been delivered on schedule. I'm incredibly proud of the speed and skill demonstrated by our team to hit these targets, especially the MRE at Yinnetharra which has been achieved in just over 12 months from finalisation of the acquisition.
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Delta Lithium also holds the highly prospective
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info@deltalithium.com.au
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